Vietnam Mega Trade Surplus Faces Market, Trump Challenges
Vietnam recorded a significant trade surplus of $24.31 billion in the first 11 months of 2024, showcasing its robust export growth. Exports reached $369.93 billion, a 14.4% increase, while imports rose 16.4% to $345.62 billion. The U.S. remained Vietnam’s largest export market, contributing $108.9 billion. However, this success also presents risks, especially as Donald Trump prepares to re-enter the White House.
Trump’s previous administration scrutinized trade imbalances, often targeting countries with large surpluses. Vietnam’s growing trade gap with the U.S. risks reigniting tensions. Such concerns could lead to tariffs or stricter trade regulations, potentially affecting Vietnam’s export-driven economy.
To address these challenges, Vietnam must prioritize transparency and efficiency. The Ministry of Finance recently announced the use of artificial intelligence (AI) to monitor stock market transactions. This initiative will detect violations like insider trading and price manipulation. By ensuring a fair and transparent financial system, Vietnam hopes to strengthen investor confidence and demonstrate its commitment to global standards.
Vietnam will use AI in stock trade monitoring measures
AI-driven monitoring offers benefits beyond stock market surveillance. It enhances market trust, a critical factor for attracting foreign investments. Singapore, South Korea, and other key investors poured $31.4 billion in registered foreign direct investment (FDI) during the first 11 months of 2024. Transparency measures will likely encourage further inflows, particularly in the processing and manufacturing industries, which attracted $20.2 billion.
Additionally, Vietnam has emphasized improving export quality and leveraging free trade agreements. These efforts align with Trump’s likely focus on fair trade. Strengthening digital transformation and adopting technologies like AI further enhance Vietnam’s competitiveness while demonstrating its willingness to adapt.
Vietnam’s ability to balance trade relations with the U.S. while fostering sustainable development will determine its economic resilience. Moreover, transparency in its markets and proactive policies can mitigate risks and sustain growth amid global uncertainties.
Vietnam holds the title of having the largest trade surplus in Southeast Asia for 2024. To maintain this lead in 2025, the country must implement the strategies outlined in this article. Transparency, export quality improvements, and fostering strong trade relations will be key to sustaining this remarkable achievement.
